Journal of Economics and Public Finance

In recent years, with the rapid development of artificial intelligence (AI) technology and the intensification of global economic policy uncertainty (EPU), China's education and training market (ETM) is facing unprecedented challenges and opportunities. This paper analyzed the quantile-based nonlinear impact of AI and EPU on ETM in China, and the results are as follows: 1. The nonparametric quant…

The binary investment behavior of retail and institutional investors may lead to structural differences in the risk transmission between the futures and spot markets in China's capital market. This paper decomposes the heterogeneity of volatility spillovers between futures and spot markets: (1) There is a distinct binary effect in risk spillovers: the short-term (1-5 days) spillover is the strong…

China's Specialized, Refined, Differential, and Innovative (SRDI) enterprises are the core force for industrial transformation and upgrading, as well as for breakthroughs in key core technologies. Innovation investment is a crucial support for cultivating their core competitiveness and achieving high-quality development. However, these enterprises face challenges such as constraints on innovation…

The Yangtze River Delta Urban Agglomeration (YRD), a pivotal intersection of the "Belt and Road" Initiative and the Yangtze River Economic Belt, holds an irreplaceable strategic position in China’s modernization and opening-up. With the issuance of “Five-Year Action Plan for In-depth Implementation of the People-Centered New Urbanization Strategy”, scientifically assessing its urbanization qualit…

This study uses panel data from 275 counties in China between 2018 and 2020 and applies a two-way fixed effects model to examine how digital rural governance affects farmers’ income. The results show that digital rural development significantly increases farmers’ income, and this finding remains consistent after replacing the dependent variable. Based on these results, the paper suggests a phased…

It can be defined as the use of digital technologies by traditional financial institutions as well as web-based enterprises to facilitate financing, payments, investment, and other innovative financial business models. High-quality economic development aims at facilitating the shift of economy towards quality-driven growth through comprehensive reforms and innovations with the focus on sustainabl…

With the deep integration of the digital economy and the real economy, digital service transformation has become a key pathway for driving the transformation and upgrading of manufacturing. As a typical manifestation of this trend, shared manufacturing is reshaping the traditional allocation model of production resources. However, in the digital service-oriented context, manufacturing services ex…

This paper selects 43 countries along the Belt and Road from 2003 to 2022 as the research sample, incorporates the level of digital economy development into an investment gravity model, and empirically examines its impact on China’s outward foreign direct investment (OFDI). The results show that, first, the level of digital economy development in host countries significantly promotes the growth o…

Financial well-being represents both the material foundation and an essential component of overall household well-being. The outbreak of the COVID-19 pandemic at the end of 2019 significantly impacted a wide range of small and large business owners as well as wage earners across the United States, subsequently affecting the financial well-being of many households. In order to mitigate such advers…

Based on data from the Shanghai and Shenzhen Stock Connect programs spanning 2016 to 2024, this paper takes the inclusion of A-shares in the MSCI index as an exogenous policy shock and employs a Difference-in-Differences approach to examine the impact of capital market opening on idiosyncratic stock price volatility. The results show that MSCI inclusion significantly reduces the idiosyncratic vol…

Under the guidance of the "dual carbon" strategy, promoting ESG information disclosure to achieve the green and low-carbon transformation of enterprises has become a hot topic. This paper takes A-share tourism listed companies from 2011 to 2021 as the research object, identifies the peer effect of ESG information disclosure in tourism enterprises, and empirically examines its impact on enterprise…

The unique altitude gradient of the Qinghai-Tibet Plateau and its profound cultural-geopolitical environment jointly shape the fundamental pattern of the rural regional system in Xizang. Focusing on the "Production-Living-Ecological" spaces, this study aims to reveal their reconstruction mechanisms under the dual influence of the high-altitude environment and ethnic culture. By constructing a "Pr…

Focusing on the prediction of CSI 300 Index returns, this empirical study employs a hybrid CNN-LSTM-Attention model. The model integrates the strengths of CNN for local feature extraction, LSTM for temporal dependency modelling, and the Attention mechanism for key information focus, effectively capturing the multi-scale characteristics of financial data. Comparative experimental results demonstra…

Under the dual-carbon background, China's government actively promotes carbon emission reduction, and the value connotation of high-energy-consuming and high-emission paper enterprises has also changed. The value of a paper company not only includes the traditional economic value, but also should consider the environmental benefits due to the policy-driven. Based on the traditional EVA model, thi…

Based on the implementation status of the hierarchical diagnosis and treatment policy in China since the new medical reform, this paper systematically combs the text of the hierarchical diagnosis and treatment policy in China after the new medical reform, analyzes the effectiveness and problems of the implementation of the hierarchical diagnosis and treatment policy in China, and further puts for…

This study, based on the theory of credit rationing, analyzes the causes of supply constraints in rural inclusive finance and constructs expected profit models for commercial banks, farmers, and guarantee institutions to explore their roles in rural financial supply. The research finds that factors such as information asymmetry, high difficulty in credit risk management, and an imperfect guarante…